Coatings World - JULY 2013

Sika AG
Baar, Switzerland
www.sika.com

PUBLIC COMPANY
YEAR ESTABLISHED: 1910
REVENUE: $2.834 billion t (2011: 2.837 bn)

MARKETS SERVED

• Adhesives • Sealants • Protective coatings

KEY EXECUTIVES Paul Hälg, chairman of the board; Jan Jenisch, CEO; Group management: Paul Schuler, EMEA; Jose Luis Vazquez, Latin America; Silvio Ponti, building systems and industry; Christoph Ganz, North America; Ronald Trächsel, CFO; Ernesto Schümperli, concrete and waterproofing; Heinz Gisel, Asia Pacific; and Urs Mäder, technology.

Sika AG supplies the building and construction industry as well as manufacturing industries (automotive, bus, truck, rail, solar and wind power plants, façades). Sika is a leader in processing materials used in sealing, bonding, damping, reinforcing and protecting load-bearing structures. Sika’s product lines feature high-quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring as well as roofing and waterproofing systems. Sika has a worldwide local presence in 80 countries and approximately 15,200 employees.

Sika reported 5. 8 percent sales growth to $2.834 bn for 2012. Sales were up 10. 7 percent in emerging markets.

“Our employees delivered outstanding results in 2012, giving
Sika a firm foundation for the future,” said Sika CEO Jan Jenisch.
“We were able to fast-track our investments in growth markets
and opened new factories and production lines in various emerging
countries.”
“Already accounting for 37 percent of our consolidated net sales
and over 40 percent of our net profit, emerging market sales saw
double-digit growth in 2012,” he added. “The Sika growth model
also functioned under the challenging economic conditions encoun-
tered in 2012. Thanks to the expertise and great commitment of our
workforce, we are confident of achieving further growth in sales and
net profit in 2013 as well.”
At 17 percent, the highest growth was generated in the Latin
America region. This growth was driven by investments and the
build-up of production capacity in the entire region. In North Amer-
ica, Sika increased sales by 9 percent on the back of heavy demand
for refurbishment work, solid project business and increased market
share. In the Asia Pacific region, Sika reported growth of 6. 8 per-
cent, benefiting from a substantial expansion in sales in Southeast
Asia, stable order books in Japan and a marked recovery in China
in the second half. The IMEA (India, Middle East, Africa) region
recorded a 7. 7 percent increase in sales.

Sika Strengthens Fire Protection Market Position

Sika is taking over the fire protection coatings and systems business of Mannheim-based Rütgers Organics GmbH, a move that will reinforce Sika’s position in the fire protection sector. The acquired business generates annual sales of $6.48 million.

With the acquisition Sika strengthens its fire protection market position. The acquired business also provides Sika with a portfolio of well-established, advanced, eco-friendly water-based fire protection coatings and systems.

“The combined strengths of Sika and Rütgers Organics will provide customers with access to an attractive range of products in all key fire resistance classes,” said Joachim Straub, general manager of Sika Germany.